European Factors to Watch-Shares seen inching down ahead of data

LONDON, June 3 (Reuters) - European stocks were seen giving up some of their
recent gains on Tuesday ahead of fresh inflation and unemployment data from the
eurozone.

Recent economic data have pointed to a weaker-than-expected recovery for the
single-currency bloc, though share prices have been supported by the prospect of
fresh intervention from the European Central Bank when it meets this week.

Financial spreadbetters expected Britain's FTSE 100 to open 11 to 14
points lower, or around 0.2 percent, Germany's DAX to open 4 points
lower, or roughly flat, and France's CAC 40 to open 3 to 4 points lower,
or 0.1 percent.

Eurozone year-on-year inflation for May is expected to remain flat at 0.7
percent, while unemployment for April is also seen flat at 11.8 percent,
according to Reuters polls.

The euro traded near a 3-1/2-month low on expectations of fresh monetary
easing by the ECB, helping Asian shares higher on Tuesday.

Japan's Nikkei hit a two-month high and last traded up 0.8 percent
while MSCI's broadest index of Asia-Pacific shares outside Japan
rose 0.2 percent, nearing a one-year high hit last week.

Asian shares were bolstered by the U.S. Institute for Supply Management's
manufacturing activity index rising to 55.4 in May from 54.9 in April.

They were also supported by a gauge of China's factory activity showing
expansion at the fastest pace in five months in May.